XBR—what…?
Are your clients asking you as the auditor / accountant what XBRL / iXBRL is, and you are left tongue-tied?
Introducing the latest requirement for annual financial statements submission applicable to all companies that are audited.
The Companies Intellectual Property Commission or “CIPC” has issued a compliance deadline that is effective from 1 July 2018.
This entails that all entities that are required to have their annual financial statements audited, will need to submit their XBRL-compliant financial statements to the CIPC as part of their annual return submission.
Does this place any more of a burden on a Company and Close Corporation?
Join us for a quick start guide on the implications of this new XBRL requirement from the CIPC.

Allay any fear or uncertainty you may have with respect to what the impact of this new XBRL requirement is.
Unpack the implications of the CIPC’s XBRL compliance requirement on your company / close corporation’s audited financial statements.
Assist auditing / accounting practitioners with their understanding of XBRL so they can be in a position to give an informed response to their respective clients.

We will attempt to answer the following questions:
o What is XBRL?
o Who is affected by the XBRL requirement?
o What is now required of my entity?
o Where did this requirement come from?
o What does the 1 July 2018 deadline mean?
o Will I be in time?

• Company / Close Corporation owners
• Other individuals who file their clients’ annual returns.
• Entities who are required to be audited based on their Founding Statement /
Memorandum of Incorporation / Companies Regulations / Companies Act and
Voluntarily.
• Compilers / preparers of financial statements which will later be audited.
• Auditors and accountants who need to provide feedback to clients.